Owens Corning (OC - Free Report) was a big mover last session, as the company saw its shares rise over 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, trading within a volatile range of $64.09 –$67.38 in the past one-month time frame, showed a sharp increase yesterday.
The move came after the company reported solid second-quarter 2017 results.
The company has seen three positive estimate revisions in the past one month, while its Zacks Consensus Estimate has also moved higher over the same time period, suggesting that more solid trading could be ahead for Owens Corning. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Owens Corning currently has a Zacks Rank #2 (Buy), while its Earnings ESP is positive%.
Another player in the Building Products – Miscellaneous industry, which looks attractive at current levels is NCI Building Systems, Inc. (NCS - Free Report) that sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is OC going up? Or down? Predict to see what others think: Up or Down
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